U.S. markets losses continued Friday due to disappointing economic readings and as investors awaited the upcoming central bank's policy-committee meeting. The Standard & Poor's 500 index and the Dow Jones Industrial Average posted losses of 1.01 percent and 1.17 percent last week. On Friday, the International Monetary Fund kept its 2013 growth outlook at 1.9 percent, but lowered its 2014 growth outlook 0.3 percent to 2.7 percent. The markets recent slide is largely due to concerns that the Federal Reserve may curb its $85 billion-a-month bond-buying program. Here is how some of the top movers reacted Friday:
Codexis, Inc. (NASDAQ: CDXS) shares hit a high of $2.89 Friday before settling to close at $2.72, an increase of 25.35 percent. The stock traded in between $2.16 and$2.89 on volume of 1.79 million shares traded. On Friday, the company announced “the successful scale-up in the production of CodeXol detergent alcohols using cellulosic sugars.”
Find out more about Codexis including full access to the free equity report at: www.RDInvesting.com/CDXS
Celsion Corporation (NASDAQ:CLSN) shares hit a low of $1.28 Friday before settling to close at $1.45, a decrease of 13.33 percent. The stock traded in between $1.28 and $1.45 on volume of 3.98 million shares traded. On Friday, the company issued a statement regarding a misleading blog entry. Shares of Celsion have fallen approximately 84.0 percent year-to-date.
Find out more about Celsion including full access to the free equity report at: www.RDInvesting.com/CLSN
Myriad Genetics, Inc. (NASDAQ:MYGN) shares hit a low of $26.17 Friday before settling to close at $27.59, an increase of 13.81 percent. The stock traded in between $26.17 and $31.19 on volume of 22.7 million shares traded. On Thursday, the U.S. Supreme Court ruled that human DNA/genes cannot be patented.
Find out more about Myriad Genetics including full access to the free equity report at: www.RDInvesting.com/MYGN
Zoetis Inc. (NYSE:ZTS) shares declined 1.19 percent Friday to close at $30.80. The stock traded in the range of $30.61 and $31.26, on volume of 10.67 million shares traded. On Friday, S&P Dow Jones Indices LLC announced Zoetis will replace First Horizon National Corp. on the S&P 500.
Find out more about Zoetis including full access to the free equity report at: www.RDInvesting.com/ZTS
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